BOE

Newsquawk Week Ahead: US election, Fed, BoE, RBA, US ISM Services PMI and Canada jobs

• Next week the focus will lie on the US Presidential Election, policy announcements on Fed, BoE, RBA, Norges Bank and Riksbank. US ISM Services PMI and Canada jobs data will also be key.

ICYMI Goldman Sachs changed their forecast for Bank of England rate cuts. None in December

• GS expect a cut in November, then a pause in December

Goldman Sachs forecasts Bank of England to hold rates at Dec meeting (vs. prior 25bp cut)

• Goldman Sachs changes its call on the Bank of England

Bank of England Deputy Governor Sarah Breeden speaking in Hong Kong Thursday

• Not sure this will be a topic pertinent to traders

Traders price a 48% chance of further 25 basis point cut in December. Down from 63%.

Faster UK disinflation in October (shop price index) - keeps BoE rat cuts on front burner

• The Bank of England meet next week, cut expected

Economist poll of the Bank of England shows cut next week but uncertainty on December

• All economists see a November 7 cut

Weekend speech coming up from Bank of England Governor Bailey - Saturday US time

• Speaking on payments

BOE's Mann: Economic prospects in the UK remain 'pretty modest'

• Mann says the economy will not grow by much more than 1%

Bank of England Governor Andrew Bailey and MPC member Catherine Mann speaking Thursday

• Both will be in the US

BOE's Bailey: Disinflation has taken place faster than expected in the UK and elsewhere

• Comments from the BOE governor

Bank of England Deputy Governor Sarah Breeden speaking Wednesday, October 23, 2024

• On financial regulation

UK Pay Growth Stalls, Expected to Cool Further in 2024-25

• Wage growth moderating

BOE's Greene: I tend to favor a gradualist approach to cutting rates

• Comments from Greene

Bank of England Governor Andrew Bailey speaking Tuesday, Greene and Breeden also

• Listen for comments on the pace of cuts to come. Sooner rather than later seems likely.